Which Supplemental Medicare Plans does New Era Life sell in Alabama?
New Era Life Insurance Company writes 4 of the standardized Alabama Medicare supplemental insurance plans. Each Medigap plan offers a different range of coverage (see Comparison Chart or check out our Review). Here's a quick look at New Era Life's offering:
Attained Age Rated Medigap Plans: With this plan rating type your monthly premium is based on your current age. As you age your premium will increase. As an example, if you enroll in a Medigap policy at age 65 with a premium of $120, it may increase to $138 when you turn 69, and $162 at age 72. Also, Attained Age rated plans may increase with inflation.
New Era Life Medigap Plan Benefits Comparison Chart
The following table shows what each New Era Life Medigap plan covers:
REVIEW: New Era Life Medicare Supplements in Alabama
New Era Life scored 3.0 out of 5.0 based on our scoring method. With a top 10 Plan F premium, more than 10 years in the Medicare Supplements business, and a strong financial rating from A.M. Best, we have confidence in New Era Life. These are just a few reasons we recommend this carrier to seniors in Alabama. See the top 10 competition.
Here are the pros and cons from our analysis:
- Competitive Plan F premium.
- Good financial strength.
- More than 10 years in the Medicare Supplements business.
- Does not offer Medicare SELECT plans.
- Does not offer the 5 most popular plans.
- Charges a fee to write the policy.
About This Review
We reviewed New Era Life's Medigap plan offering in Alabama versus all other carriers in the state. Our review is unbiased. We use a formula that looks at years in business, A.M. Best financial strength rating, plans serviced, plan premiums and fees. We do not take into account rate increase history. Our goal is to present information accurately and without bias, based on our interpretation of factual information about each carrier.